Excessive use of chemicals and their side effects hampering the growth of Molluscicides market.

The Molluscicides Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Molluscicides Market is estimated to be USD 620 million in 2018 and predicted to rise to USD 760 million by 2023 with a CAGR of 4.2%. The market is segmented by Source (Chemical and Biological), by Type (Metaldehyde, Methiocarb, Ferrous Phosphate and Others), by Method of Application (Pellets, Sprays, Powders), by Applications (Field Crops, Horticultural Crops, Turf & Ornaments, Industrial and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The current market trends of the Molluscicides market suggest a significant potential for the same in the mentioned forecast period. This potential of the market can be attributed to factors such as increasing adoption of agrochemicals in developing regions, high demand of high quality horticulture crops, rain-fast characteristic leading to higher product sales and lastly the growing awareness regarding mollusk control. On the other hand, the factors hindering the market from growing are, geographical limitation on use, restriction on regulations, environmental threats due to chemical usage and lack of resources.

The Global market for Molluscicides is segmented base on source, type, applications and mode of applications. Under segmentation by source, the chemicals segment account for the largest market share. On the basis of segmentation by type, Metaldehydes lead the share in the market. Further under segmentation by application and mode of application, the respective market leading segments are Horticulture crops and Powders.

Based on the geographical analysis, the market is categorized under various regions across the globe. Among these, the North America market accounts for the largest market share of over one third of the global share. It is followed by the market shares of Asia-Pacific and Europe. Further, The North American market is expected to have the highest CAGR as well, thus maintaining its dominance in the Molluscicides market.